Good Afternoon From The Cobb Group! The beat goes on with real estate in Moss Creek. Even as we enter the full blown rental season in the Lowcountry Moss creek remains a neighborhood of CHOICE. I have had a few buyers tell me that Moss Creek’s decision of not going to single fee has been a real plus in their decision making process.
Times do change. When George's in-laws built here in 1982, the most favorable properties were golf lots, lagoon second, and the marsh lots were referred to as the swamp, a distant third. Who would have believed that we would have new pools, a snack bar, a fitness center, a new dog park, 200 kayaks, and some residents asking for pickle ball! A neighborhood has to change with the times and we have done a good job of keeping up with the needs of the new buying generation. Now there is a premium of 10% for the “swamp lots” and the premium is even higher in some of the neighborhoods on the Island.
Today we have (30) listings and 10 years ago it was very common to have (65-70) active single family home listings on the market at any given time. What we worry about is the diversity available for the discretionary buyer. It is absolutely unconscious that we have (15) single family homes under contract right now. We’ve told you many times that a six month inventory is healthy for a community and our inventory today is about (2) months which doesn’t offer a lot of flexibility. On the other hand, what this means is that any homes coming on the market when priced properly should sell in a relatively short time. The owners of homes for sale that have been on the market for quite some time should be talking to their agent about marketing and price. We have (3) Cottages for sale, (1) under contract, and (1) sold this year. There are (10) active lots and(2) have sold.
It’s exciting to note that there are (7) new homes under construction in Moss Creek which is really a good sign that folks are willing to invest new money into the community. I would guess there are less than (50) lots available in Moss Creek right now-it’s fair to call us a sold out community.